Including a charitable bequest in your will or estate plan allows you to make a gift to Galesburg Community Foundation that will forever leave an impact on your community. Your bequest can be used to establish a special fund that supports broad community needs or focuses on a particular issue or cause that matters to you. Your bequest will benefit the community forever and become part of your personal legacy of giving.
Your gift will be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift—and all future earnings from your gift—is a permanent source of community capital, helping to do good work forever.
I devise to Galesburg Community Foundation, ___ (describe devise—for example, “Twenty Thousand Dollars” or “all of the residue of my estate,” or “X percent of my estate”) to be used in all furtherance of the charitable purposes of the Galesburg Community Foundation as defined in and subject to the provisions of its Articles of Incorporation and bylaws.
For help with specific bequest language, it is best to connect with Galesburg Community Foundation and your professional advisor.
Making a bequest to the Community Foundation is a simple way to leave a gift to benefit your community or the causes that matter to you after your lifetime. You can decide to create a bequest at any age by adding to an existing will or drafting a new one. In doing so, you leave a legacy to your community while enjoying the assets you need to maintain your current lifestyle. Plus, you are able to distribute some or all of your assets tax-free.
Bequest gifts can include cash, appreciated stocks, or other assets. Some of the most tax-efficient asset types to give through your estate plan come from retirement plan accounts since heirs would be taxes on the income in respect of the decedent (IRD).
Charitable Giving Coordinator
Haley provides support to enhance the function and success of the Charitable Giving and Affiliate Teams. She ensures donors receive a personal approach to philanthropy through outstanding customer service by supporting charitable giving for donors and fund holders across the state.